small business lending

• Small Business Credit Conditions Deteriorate: Experian

  By Michelle A. Samaad  |  February 20, 2013

  Hurricane Sandy, Midwest drought and government spending cuts lead to deterioration in small business credit quality, rise in delinquent debt.

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  Guest Opinion: Business Loans Are Economic Kindling

  By Ben Rogers  |  January 9, 2013

  Washington was embroiled in a game of fiscal chicken at the end of the year. Unemployment is high at 7.7%. The 2.5 million people who are unemployed but so discouraged that they’re not actively looking are unchanged from 2011.

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  California CU Helps Trucker Stay Green on the Road

  By Michelle A. Samaad  |  January 2, 2013

  Mid Cities Credit Union helps member Julio Contreras obtain state Air Resources Board loan, ensuring access to Port of Los Angeles.

• Fiscal Cliff, Sandy Puts Small Business Lending on Hold: Biz2Credit

  By Michelle A. Samaad  |  December 12, 2012

  Lower approval rates seen from banks, credit unions and alternative lenders.

• Freedom Credit Union Named Top SBA 7(a) Lender

  By Michelle A. Samaad  |  December 3, 2012

  The $513 million cooperative in Springfield, Mass., was named the SBA’s top 7(a) lender in total dollars for the Western Massachusetts region.

• Hurricane Sandy: SBA Coordinating With FEMA, Other Agencies

  By Michelle A. Samaad  |  October 31, 2012

  The SBA said Wednesday it is working with FEMA and other agencies to find out which small businesses and homeowners will need recovery assistance.

• SBA’s Growth Capital Program Sets Record for Third Year in a Row

  By Michelle A. Samaad  |  October 26, 2012

  The SBA said its Small Business Investment Company debenture program provided a record $2.95 billion to small businesses in fiscal year 2012.

• LICU Eligibility Offer Now Taken Up By 676 Credit Unions

  By Marc Rapport  |  October 18, 2012

  The NCUA on Thursday said that two-thirds of the 1,003 credit unions offered the eligibility to become a low-income credit union have accepted.

• SBA Reports Second-Highest Loan Volume in History

  By Michelle A. Samaad  |  October 11, 2012

  Over the past six quarters, the SBA’s loan program has posted the second-largest dollar volume ever, supporting $30.25 billion in loans to small businesses.

• Amazon Will Have to Prove its Business Loan Underwriting Prowess: Dollar

  By Michelle A. Samaad  |  October 11, 2012

  Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.